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the jobs multiplier effect in the high-tech sector is significantly different/higher than for almost any other sector … and significant local employment multiplier of 2.2 additional jobs. These results bear important implications for the …
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mimic monetary policy with minor exceptions. Third, the VAT rate cut has the highest short-term multiplier compared with …
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This paper asks whether the post-Keynesian or New Keynesian paradigm provides a more realistic description of the effects of fiscal policy on output and consumption. I establish some macro and microeconomic stylized facts on fiscal multipliers and marginal propensities to consume based on the...
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